Features and significance of innovative activities of state corporations in development of regional economy

The article discusses the features of the functioning ofstate corporations, their subsidiaries and holdings in the creation and production of innovative products, introduction of new technologies in the development of industries and the social sphere. The main directions of innovative activities ofstate corporations are presented (on the example of Rostekh State Corporation, Rosatom State Corporation, Roscosmos State Corporation), connected with the implementation of educational activities in the field of science and innovation development, research and development, participation in the implementation of federal targeted projects and programs, development of technological platforms. Amodel ofopen innovation is described, which makes it possible toattract external sources for the search for newideas and projects. The influence of innovative activityof state corporations on the development of specific regions was established. In addition to territorial presence of specific subsidiaries of corporations, there is active interaction with the government of the regions and city administrations. Joint projects of industrial, infrastructural and social type are being realized. Besides, the article gives a description of regional investment structure of the state corporations being part of “VEB.RF”, approved for financing projects in the territory of a specific federal district. It was found that the innovative activity of state corporations has impact not only on internal success and the production of its own competitive products, but also creates positive prerequisites for the further development of external innovations, contributes to the introduction ofnew technologies in a number ofstrategicallyimportant industries. The conclusion is made that it is necessary to develop further the innovative activities of state corporations in order to promote regional innovative activity connected with the joint implementation of priority projects in key areas of industry, development of high-tech industries, introduction of innovations in education, science, medicine and the economy as a whole.